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Level Sensor Market by Technology, and Noncontact, Monitoring Type, End-Use Application, and Geography - Global Forecast to 2023

Level Sensor Market: Global Forecast until 2023

  • June 2017
  • 193 pages
  • ID: 4968740
In this report:
The level sensor market for noncontact level sensors registered a shipment of ##,##.## thousand units in 2016 and is expected to reach ##,##.## thousand units by 2023, at a CAGR of ##.##% during the forecast period.
The level sensor market for hydrostatic level sensors, by contact type, registered a shipment of ##.## million units in 2016 and is expected to reach ##.## million units by 2023, at a CAGR of ##.##% during the forecast period.

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"The level sensor market forecasted to grow at a CAGR (Compound annual growth rate) of ~5.7 percent between 2017 and 2023"

The level sensor market is forecasted to reach 5.32 billion by 2023, increasing at a compound annual growth rate (CAGR) of ~5.7 percent between 2017 and 2023. The main key factors providing to the rise of the level sensor market contain the supportive government regulations, increase in vehicle production, and growing advancement of the Industrial Internet of Things. Also, the sector is further driven by the development of smaller, smarter, and cheaper sensors, and the increasing adoption of level sensors in the healthcare end-use application.

"The level sensor market for point level monitoring is anticipated to rise at the highest compound annual growth rate (CAGR) during the outlook period"

The level sensor market for point level monitoring is anticipated to witness the top compound annual growth rate between 2017 and 2023. Level sensors with point level monitoring are economically priced and easy to install and setup. These sensors typically find their applications in overfill protection, high and low-level alarms, pump control, dry-run protection for pumps, and leakage detection in double containment piping systems or double-wall tanks. Furthermore, level sensors with point level monitoring are widely used in the industrial manufacturing end-use application.

"The industry for contact level sensors is intended to hold the biggest market share during the estimate period"

The sector for contact level sensors is forecasted to hold the biggest share during the outlook period. Contact level sensors operate well with a wide variety of media or liquid, including corrosives. Contact level sensors are popular because of their simplicity, dependability, and low cost. The higher market size of contact level sensors is assigned to the use of a big number of these sensors in the industrial manufacturing end-use application.

"Level sensor market in Asia-Pacific is anticipated to grow at the maximal rate between 2017 and 2023"

This business report includes the studies market in regions including North America, Europe (EU), Asia-Pac, and Rest of the globe. Asia-Pac is a main market for different end-use applications like automotive, process sectors, healthcare, petrochemicals and related process, chemicals, power generation, and consumer goods. India (IN) and China (CN) are considered a huge market for level sensors according to their increasing economy. As the industry demand for these sensors are rising in the healthcare end-use application, main issues in Asia-Pacific, including aging population and rise in the number of lifestyle-related diseases, act as a driver for the increase ot the studies market.

Key players' distribution profiles:

• By Company category: Tier 1 - 37.0 percent, Tier 2 - 20.0 percent, and Tier 3 - 43.0 percent

• By Description: C-suite executives - 34.0 percent, Directors - 24.0 percent, and Others - 42.0 percent

• By Area: Asia-Pac - 41.0 percent, North America (NA) - 27.0 percent, EU - 17.0 percent, and rest of the world - 15.0 percent

The level sensor market comprises players including ABB Ltd. (NYSE:ABB), Emerson Electric (NYSE:EMR), Endress+Hauser AG, Vega Grieshaber KG, Siemens (SIA), AMETEK, Incorporated, Honeywell (NYSE:HON), First Sensor AG, Fortive Corporation, KROHNE Messtechnik GmbH, Pepperl+Fuchs GmbH, Nohken, Incorporated, Texas Instruments Incorporated, and TE Connectivity Ltd..

• The geographic review is done with regard to main four regions, that is, North America continent, Europe (EU), Asia Pacific (APAC), and Rest of the globe. Rest of the world comprises South America region and the Middle East (ME) and African continent.

Why Purchasing This Study Can Help You:

From an insight prospect, this market research has emphasized several levels of study, market ranking review of top actors, and value chain study. This industry report also offers the corporation reviews, which discuss the basic overviews on the competitive landscape, coming out and high-growth segments of the studied market, high-growth areas, and market dynamics including drivers, market restraints, opportunities, and alternatives.

This study furnishes highlights on the following points:

• Market Uptake: Exhaustive data on different types of level sensor products provided by the top actors in the global level sensor market.

• Product development/innovative products: Detailed insights regarding research and growth activities, emerging technologies, and launches of new product in the level sensor market.

• Market development: Highlighted information about lucrative emerging markets-the report examines the industries for level sensors across localities.

• industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the global level sensor market.

• opposing assessment: In-depth assessment of market ranking review, strategies, products, and manufacturing competences of the key players in the level sensor market.

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